11:08 AM: If your phone is now lost you can send a message to the iPhone that will sound a special tone which will sound even if the phones on silent. You can also remotely wipe all the data on the device.

11:01 AM: Internet tethering, you can use your phone’s internet connection on your computer (Mac or PC) using USB or Bluetooth.

10:59 AM: Enhancements to iTunes you can now rent and purchase movies right from your phone. Also purchase TV shows, music, and audiobooks.

10:56 AM: iPhone OS 3.0. has 100 new features.

10:49 AM: It has been an incredible year for the iPhone – 1,000,000 SDK downloads, 50,000 Apps on the App Store, 40M iPhones/iPod Touches sold, 1 Billion+ Apps downloaded.